Latest News: Dollar Index
EUR/USD dips as lingering US-China tensions bode well for the US dollar. Technical indicators suggest scope for a re-test of the lower end of the multi-week trading range. Deeper losses may remain elusive if the German IFO numbers beat estimates.
GBP/USD sellers catch a breather amid a lack of major catalysts on Spring Bank Holiday. UK PM Johnson gets criticized while favoring Adviser Dominic Cummings. US-China tussle intensifies with eyes on US President Trump’s reaction over the Hong Kong issue.
Bitcoin price has continued to face increasing selling activity. The weekend session was not different as seller domination continued. BTC/USD extended the bearish leg further below $9,000 to the extent of testing support at $8,600.
Ethereum recovers slightly to settle above $200 following a dip to $190 support. ETH/USD could entertain a sideways price action in the near term according to both the RSI and the MACD.
Ripple price bounces off last week’s support at $0.19 but recovery stalls under $0.1950. XRP/USD is grinding towards a possible falling triangle breakout, targeting $0.21.